Germany allocates €1.3 mln for sustainable use of green hydrogen in Georgia
The Georgian Government and KfW reached an agreement several months ago in a Declaration of Intent for the Promotion of Green Hydrogen in Georgia, which involves development of a first reference project along the green hydrogen value chain, the Embassy said. Photo: 1tv.ge
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The German Government will allocate €1.3 million through the German Development Bank to support the introduction of the green hydrogen technology and develop relevant conducive legal framework in Georgia, the Embassy of Germany announced on Tuesday.
In cooperation with the Georgian Economy Ministry and the Georgian Energy Development Fund, the project on Promotion of Green Hydrogen in Georgia will also aim to expand on topics concerning the overall energy security of the country.
Giorgi Chikovani, the Director of the GEDF, said Georgia would be the first country in the region to develop hydrogen technologies, adding “this will be a further step towards promoting energy independence and help to move the energy market to a sustainable low-carbon energy supply.”
Hubert Knirsch, the German Ambassador, called the project an “important step” in the diversification of the country’s energy sector and energy security amid the Ukraine war.
The Georgian Government and KfW reached an agreement several months ago in a Declaration of Intent for the Promotion of Green Hydrogen in Georgia, which involves development of a first reference project along the green hydrogen value chain, the Embassy said.
In November, Georgia signed an agreement with KfW on the development of clean and renewable energy in Georgia, under which the study of green hydrogen potential began in the country.
KfW Development Bank has been operating in Georgia since 1993, supporting projects in the sectors of energy, environment, sustainable economic development and sustainable urban development.
Industrial production of wind power plants in Georgia is set to begin following the signing of a memorandum between the country Economy Ministry, the State Military Scientific Centre Delta and Georgian Wind Energy Association on Wednesday.
The Georgian Government is holding consultations with “various investors” over projects to construct hydropower plants in the country, Prime Minister Irakli Garibashvili said on Monday.
An agreement on a €2 million programme on developing sustainable energy in Georgia was signed on Thursday between Levan Davitashvili, the Georgian Economy Minister, and Jeppe Kofod, the Danish Foreign Minister.
A declaration has been signed between the Georgian Economy Ministry and the German Development Bank (KfW) earlier today on the development of clean and renewable energy in Georgia. The study of green hydrogen potential begins in Georgia, the Economy Ministry reports.
New solar, wind and hydropower projects with a total investment volume of $200 million will be implemented in Georgia to support the development of renewable energy and ensure the country's energy independence, the Government revealed on Tuesday.
Georgian Finance Minister Lasha Khutsishvili spoke about his country’s potential in generating green energy at the European Bank for Reconstruction and Development's Annual Meeting and Business Forum in Morocco, the Ministry said.
About 200 officials from over 70 companies operating in the oil and gas industry are gathered in the Georgian capital of Tbilisi to attend the 54th Meeting of the Continental Europe Energy Council between Friday and Saturday.
An agreement between Georgian and Armenian authorities on supply of electricity in emergency situations was signed in a meeting between Georgian Deputy Minister of Economy Romeo Mikautadze and Armenian Deputy Energy Minister Hakob Vardanyan in Tbilisi on Thursday, the Georgian Economy Ministry said.
The Ministry of Finance of Georgia and the German Development Bank on Tuesday signed a €47 million loan and €1.5 million grant agreement to develop an intelligent transport system and transit corridor in the Georgian capital of Tbilisi, the Ministry of Finance of Georgia said.
Georgian economy minister Levan Davitashvili hosted the World Bank energy mission in Tbilisi to discuss ongoing and future projects in the sector, the ministry of economy announced on Wednesday.
Georgia is hosting a delegation of the German federal ministry of economy and climate protection for the first time following the Covid pandemic this week, with the country set to also bring business professionals of the two countries together in an economic forum.
The German Government will allocate €1.3 million through the German Development Bank to support introduction of green hydrogen technology in Georgia, the Georgian Ministry of Economy announced on Tuesday.
Georgian Finance Minister Lasha Khutsishvili and Luise Hölscher, the German Federal Minister of Finance, on Tuesday discussed bilateral partnership and future cooperation as part of intergovernmental negotiations on development between the two states, hosted in Berlin.